Most Popular
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Ador claims exclusive contracts with NewJeans still valid
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Heavy, wet snow to fall more often this winter
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SNU professors join growing movement calling for Yoon's resignation
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Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
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N. Korea launches 32nd wave of trash balloons, anti-S. Korea leaflets
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‘NewJeans are no longer under Ador,’ says legal expert
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[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
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NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
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Will Min Hee-jin reunite with NewJeans?
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Son Heung-min scores penalty in Europa League draw vs. Roma
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
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Samsung C&T wins deals worth $892m from Singapore, Morocco
Samsung C&T, the construction and trading arm of Samsung Group, clinched consecutive deals in Singapore and Morocco, adding $892 million to its yearly overseas sales, company officials said Monday.Last week, the company closed a $542 million deal with Singapore property developer GuocoLand to build a 20-story hotel and a 64-story office building in the Tanjong Pagar Complex, a downtown business district. The latter, once completed, is to be recorded as the highest building in the country, offici
IndustryApril 8, 2013
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Hyundai, Kia overseas sales hit landmark 50 million units
The overseas shipments of cars manufactured by Hyundai Motor and its sister company Kia Motors have broken the 50 million mark, Hyundai Motor Group said Monday. The feat came just short of four decades after Hyundai shipped Pony, the first Korean-made car, to Ecuador, and Kia exported its signature Brisa pickups, both in the mid-1970s. The record was reached as of Sunday after the carmakers loaded several of their top-selling cars including the Tucson ix, Avante, i30 and Genesis to be shipped t
IndustryApril 8, 2013
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Farm Ministry offers policy consulting to developing countries
Korea will start supporting developing countries by consulting them on its own rural development policy through its official development assistance program, the Ministry of Agriculture, Food and Rural Affairs said on Monday.“The ministry has completed development of 20 modules for the agriculture-related policy consulting services, titled the Korean Agricultural Policy Experiences for Food Security, or KAPEX, geared toward developing countries,” a ministry official said. The 20 modules include a
April 8, 2013
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N.K. risks may harm Seoul rating: Moody’s
Moody’s Investors Service on Monday raised the possibility that it could downgrade South Korea’s sovereign rating due to escalating tension on the Korean Peninsula.Casting a sort of warning over the nation’s sovereign risk, the U.S.-based rating agency said North Korea’s relaunch of nuclear plant operations is negatively affecting the South’s credit standing.“North Korea’s belligerent actions are credit negative for South Korea because they have increased the chance of a serious military clash,”
April 8, 2013
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Finding pattern that works is the secret to success
As an executive search professional, and coach to company leaders, I work with many fine leaders from various countries within a variety of businesses in Korea. I often witness firsthand what works and what doesn’t in Korea. Life for me is not boring ― it’s a roller coaster.How can we smooth out the ride of our careers in Korea? Why do books not always deliver? Well, because life is not so cut and dried that it can be captured easily between two hard covers. In looking for a career, don’t assume
BusinessApril 8, 2013
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La Prairie unshaken by economic slump
The economic downturn has dealt a blow to overall department store revenue in recent years, but sales of premium cosmetics have remained intact.The proliferation of “brand shops” of low-priced beauty products didn’t have an impact either, according to Allen Kim, chief of La Prairie Korea.“A high-end French restaurant won’t be afflicted just because a lot of McDonald’s spring up,” Kim said in an interview with The Korea Herald.“It’s good that those low-priced brands help expand the entire cosmeti
BusinessApril 8, 2013
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No two chaebol are alike, author says
While Koreans’ rising presence on the global stage is hard to ignore, how to do business with them as a non-Korean is an increasingly tricky area little covered in English-language literature. Don Southerton explores the niche with his recently published book “Korea Facing: Secrets for Success in Korean Global Business,” which picks apart how to work with a Korean conglomerate from the ground up, for non-Koreans working in Korean branches overseas.“Over the years I witnessed firsthand cross-cult
BusinessApril 8, 2013
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Samsung’s Lee, Kumho’s Park meet Xi Jinping at Boao Forum
Samsung Electronics Co. vice chairman Lee Jay-yong and Kumho Asiana Group chairman Park Sam-koo met with Chinese President Xi Jinping at the ongoing Boao Forum for Asia on Monday. They were two Koreans who participated in a breakfast meeting hosted by the Chinese president for 19 foreign business leaders. At the meeting, Xi appreciated investments made by foreign-based companies and promised to ease regulations for their business in the Chinese market. On Sunday, Lee, the only son of Samsung Ele
IndustryApril 8, 2013
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Cho to head GroupM Korea
GroupM, a global media agency, has appointed its COO Cho Seon-koog to head its Korean unit, company officials said Monday.The company is a leading global media investment and management operating firm. Cho joined GroupM last summer as COO and has worked on developing and growing Korean operations of four agencies within GroupM ― Maxus, MEC, Mediacom and Mindshare. “As a leading international media agency in Korea, GroupM has the ambition and commitment to derive further growth and expansion for
April 8, 2013
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Major Korean community website attacked by hackers
An international hacking group is rumored to have attacked “Ilgan Best,” one of South Korea’s biggest online communities.Ilgan Best (Ilbe.com) is a humor-centered community website, producing jokes and political viewpoints. According to reports by local media, Ilgan Best came under a distributed denial-of-service, or DDoS, attack early Monday, which limited access to the site.Soon after the attack, pundits began to speculate that Ilgan Best had been attacked by Anonymous, an international hacker
TechnologyApril 8, 2013
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‘Life elements may be abundant on Jupiter’s moon’
Jupiter’s moon Europa might be rich in energy sources necessary for life, a new discovery by U.S. researchers indicated.Researchers from NASA’s Jet Propulsion Laboratory and California Institute of Technology said there is an ample amount of hydrogen peroxide on the ice-covered moon, citing the results of an infrared observation of Europa.According to the researchers, the oxidants on the surface can potentially mix with Europa’s presumed subsurface water sources, providing chemical elements and
TechnologyApril 8, 2013
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S. Korean exports forecast to recover in Q2
South Korean exports will likely recover in the second quarter of the year on the back of a mild upturn in the major economies such as the United States and China, a poll showed Monday.The index measuring the country's exports for the coming months came in at 54.1 for the second quarter of the year, up 2.3 points from the previous quarter, according to the survey by the Korea Trade-Investment Promotion Agency (KOTRA).The figure marked the highest result since the third quarter of 2011.The index
April 8, 2013
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Seoul shares open lower on U.S. losses
South Korean stocks got off to a weak start on Monday, tracking losses on Wall Street in the previous trading session sparked by weak job data, analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) moved down 4.77 points, or 0.25 percent, to 1,922.46 in the first 15 minutes of trading.Shares lost ground across the board, with top chipmaker SK hynix falling 0.88 percent and No. 1 carmaker Hyundai Motor losing 0.25 percent. Leading steelmaker POSCO moved down 0.32 percent.U.S. stoc
April 8, 2013
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Samsung heir meets Chinese leader in Boao Forum
Samsung Electronics Co. vice chairman Lee Jae-yong met with Chinese President Xi Jinping at the ongoing Boao Forum for Asia, sources said Sunday.Lee, the only son of Samsung Electronics Chairman Lee Kun-hee, took part in a session where the Chinese leader greeted the 15 board members of the annual forum that is noted as Asia's "Davos Forum," according to the sources who requested anonymity.The younger Lee was recently named as a new board member of the regional forum, succeeding SK Group Chairma
IndustryApril 7, 2013
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S. Korea to announce new railway projects within H1
South Korea plans to map out new railway projects to create jobs and expand its presence in the global railway market in the first half of this year, the transport ministry said Sunday.The Ministry of Land, Infrastructure and Transport said the new railway projects will include the localization of Korea Train Express (KTX)-II, or "KTX-Sancheon" that can run at a speed of up to 300 kilometers per hour as well as exports of urban railways. The projects will be focused on job creation, the improvem
April 7, 2013
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Seoul Motor Show closes with record visitors
GOYANG, South Korea (Yonhap News) – The annual Seoul Motor Show closed with a record 1.05 million visitors coming to see exhibitions by leading automakers from home and abroad, organizers said Sunday.More than 1 million visitors came to the 11-day event that showcased 15 futuristic concept cars as well as 36 environmentally friendly cars such as hybrid and electric vehicles, according to the organizers.A total of 384 companies from 14 countries took part in the event which boasted the largest ex
IndustryApril 7, 2013
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Koreans most eager to replace mobile phones
Koreans were found to be the most eager in the world to replace their mobile phones, according to data on Sunday.More than two thirds, or 67.8 percent, of Koreans bought new products last year, U.S.-based market researcher Strategy Analytics said. Chile came second with 55.5 percent, followed by the United States with 55.2 percent and Uruguay with 53.6 percent, while Bangladesh ranked at the bottom with 8.4 percent.Strategy Analytics forecast that the replacement figures complied for Korea will
IndustryApril 7, 2013
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[Graphic News] Economic slump takes toll on online sales
The global economic slump appears to be taking a toll on local internet shoppers, with online sales posting a record-low monthly growth since the government first started to compile the data, Statistics Korea said.Internet shopping sales declined by 2 percent in February from the same period last year to record the lowest monthly growth figure since 2009, the agency said. In January that year, monthly internet sales fell 1.8 percent. For the year, sales increased by 15.1 percent from 2008, addin
IndustryApril 7, 2013
![[Graphic News] Economic slump takes toll on online sales](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/04/07/20130407000307_0.jpg&u=20130407195736)
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Samsung chairman returns from brainstorming trip
All eyes are on the new business roadmap anticipated to be drawn up by Samsung Electronics’ chairman Lee Kun-hee upon his return to the country following a three-month leave that began in January.The chief of the country’s top conglomerate is known for embarking on such self-imposed pilgrimages ahead of making big decisions for coping with challenges facing the company. This time, the challenge will consist of how to tackle the sluggish global economy and further ramp up flagship Samsung Electro
IndustryApril 7, 2013
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Korean shares expected to rebound
The Korean stock market is expected to rebound as its fundamentals remain untouched despite increasing threats from North Korea.Also, Korean shares will pick up after bearish trading last Friday on the Bank of Japan’s easy-money policy, as the country is set to follow up on its stimulus measures soon, analysts suggested.“We expect to see share prices stay low in the beginning of the week and pick up towards the end of the week,” said Kwak Joong-bo, an analyst at Samsung Securities.“The Bank of K
April 7, 2013
![[Graphic News] Economic slump takes toll on online sales](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2013/04/07/20130407000307_0.jpg&u=20130407195736)
